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Hindalco Forays Into EV Component Units
Financial Express Hyderabad
|April 26, 2025
HINDALCO INDUSTRIES, a company of the Aditya Birla Group, on Friday unveiled its ₹500-crore EV component manufacturing facility at Chakan, in Pune, designed to cater to the growing demand for lightweight, crash-resistant battery solutions.
The facility, built with a capital investment of ₹500 crore and spread across 5 acres within an industrial park, represents Hindalco's foray into EV component manufacturing, a company statement said.
"Our Chakan facility represents a strategic shift in India's EV ecosystem from import dependence to high-performance, localised aluminium solutions," said Satish Pai, managing director, Hindalco Industries.
This story is from the April 26, 2025 edition of Financial Express Hyderabad.
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